π Paradisers, #OM has recently experienced significant market dynamics, with a strong bounce observed after reaching the demand zone area.
π Currently, OM's price action is forming a bullish pennant pattern, suggesting a period of consolidation before a probability continuation of the upward movement.
π Should #OM successfully break out of the bullish pennant pattern, it would signal a confirmation of the bullish momentum, potentially leading to further upward movement.
π However, if #OM fails to break the pattern and instead breaches the support trendline of the bullish pennant, it may indicate a shift in momentum towards the downside. In such a scenario, the price could retrace towards the Bullish OB area around $0.477.
π At the Bullish OB area, there's a possibility of significant bouncing, considering the overall bullish structure of #OM. Nonetheless, a breakdown below the OB would suggest increasing bearish pressure, potentially leading to further downside movement.
π Currently, OM's price action is forming a bullish pennant pattern, suggesting a period of consolidation before a probability continuation of the upward movement.
π Should #OM successfully break out of the bullish pennant pattern, it would signal a confirmation of the bullish momentum, potentially leading to further upward movement.
π However, if #OM fails to break the pattern and instead breaches the support trendline of the bullish pennant, it may indicate a shift in momentum towards the downside. In such a scenario, the price could retrace towards the Bullish OB area around $0.477.
π At the Bullish OB area, there's a possibility of significant bouncing, considering the overall bullish structure of #OM. Nonetheless, a breakdown below the OB would suggest increasing bearish pressure, potentially leading to further downside movement.
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Follow a team of traders with 10+ years of experience?
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ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV